Finance

Crude oil prices have climbed back above $100 per barrel, driven by supply disruption fears and the seizure of vessels by Iranian forces in a critical maritime chokepoint. Brent crude rose more than 1.5% to exceed $103, as the market begins to reprice expectations for a swift resolution to the regional conflict.

The yield on the 10-year U.S. Treasury note rose to a one-week high of approximately 4.31% as persistent energy price hikes fueled inflationary risks. Rising yields also reflect market reactions to potential shifts in Federal Reserve policy following hawkish comments from central bank nominees.

Tesla shares saw a premarket decline after reporting results that failed to sustain the broader market's recent momentum, while IBM shares dropped over 7% due to disappointing revenue guidance. Conversely, energy equipment maker GE Vernova surged more than 13% after beating profit estimates, aided by increased orders from the artificial intelligence sector.

Bitcoin prices opened above $78,000 on Thursday, marking its highest opening level since early February. While institutional demand and ETF inflows continue to provide support, some analysts remain cautious as altcoin participation lags behind the gains seen in leading digital assets.